Re: What's your highest CL and who is the CCC?

My two largest CL are B of A. $46,000 and $58,000. Chase $33,500 and $20,000. Both Chase accounts now RJed and will both have low interest BT soon as I have a couple 0% BTs that just expired.

My Amex was $82,000 before they started whacking it down. When they got to $11,000 I cancelled it since it had an AF of $250.

Yes, I have too much CC debt but am stuck due to massive income decrease and a psycho ex that ran stuff up and caused expenses that forced me to charge other stuff. I now owe less than $90,000 total but it is getting harder to keep the average interest under 5% with the decrease in BT offers.

Re: What's your highest CL and who is the CCC?

I only seen one example of a "cutoff".

My BofA at $46,000 reports correctly.

I am not sure my Amex at $82,000 reported correctly since they whacked that in half in mid 2008. I don't have any saved reports that old to look at where the limit was still $82,000. I have saved reports from all three CRA showing $41,000 so know all three report at least that.

Re: What's your highest CL and who is the CCC?

smallfry wrote:40K was too high for FICO to pick up so I reduced the credit limit. I am now down to 4 major credit cards lowest limit Chase 10K.

Personally, I would like a CC with a CL that did not factor into utilization, IF it had a nice APR for those times I chose to do something that was not PIF. For business, I have Biz CC or LOC that is not personally reporting.

Addison Avenue would be a nice place to have a $40k CL at 5.24% standard APR.

Re: What's your highest CL and who is the CCC?

smallfry wrote:40K was too high for FICO to pick up so I reduced the credit limit. I am now down to 4 major credit cards lowest limit Chase 10K.

So the cutoff is somewhere between $30K and $40K. I need to know since Her Ladyship is at $30K with PenFed and will be getting more offers. Probably better for her to take another card next time.

Well the 40K wasn't picked up. The Penfed 30K is being picked up. Obviously the score ding for no accounts with a balance is minor but I don't need a card with a 40K limit. With only 4 lines I feel safe from any AA now. Each card is used at least every other month and the usage is decent.

Re: What's your highest CL and who is the CCC?

txjohn wrote:

smallfry wrote:40K was too high for FICO to pick up so I reduced the credit limit. I am now down to 4 major credit cards lowest limit Chase 10K.

Personally, I would like a CC with a CL that did not factor into utilization, IF it had a nice APR for those times I chose to do something that was not PIF. For business, I have Biz CC or LOC that is not personally reporting.

Addison Avenue would be a nice place to have a $40k CL at 5.24% standard APR.

Message Edited by txjohn on 08-13-2009 03:09 PM

Not sure I am understanding. Do you guys mean if the CL does not factor into util this means the balance on the card does not either? So its like a hidden TL?

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.